Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand.

January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been trading in recent weeks. The Dutch Title Transfer Facility for January gave up even more, falling 50 cents from Nov. 16-20 to finish at $4.58. 

In Asia, spot demand declined, while a surge in Covid-19 cases, particularly in Japan spooked the market. In Europe, warmer weather and coronavirus restrictions combined to drag down prices. In the United States, the December Henry Hub contract finished 8% lower than where it started the week despite...